• Final assays received for Vertigo resource drilling programme
• Drilling on shallow extensions of resource model intersects consistent mineralisation
• Infill drilling confirms confidence in upgraded block model

Pacgold Ltd has received final assay results from its drilling programme designed to expand and upgrade the JORC 2012 Mineral Resource Estimate (MRE) for the Vertigo deposit on its 100% owned White Dam Gold Project in South Australia. The drilling has successfully encountered significant new shallow gold mineralisation outside the current MRE model, providing strong potential to increase the overall resource size. In addition, infill drilling of the 2020 Inferred Resource has continued to confirm confidence in an upgraded block model. Highlights include intercepts such as 28m @ 0.9g/t Au and 0.07% Cu from 2m, 12m @ 1.1g/t Au and 0.03% Cu from 6m, and 14m @ 1.8g/t Au and 0.05% Cu from surface. The drilling programme is currently paused to manage onsite diesel consumption, but will resume in May to further evaluate the shallow extensions to Vertigo, followed by drilling at the White Dam North and Hannaford Pit MRE zones. An updated Mineral Resource Estimation model for Vertigo is planned for early Q3 2026, incorporating the new drilling data.

Further drilling of the new shallow mineralised zones outside the current Vertigo MRE model has been planned and will commence in May for potential inclusion in an updated MRE model. MRE drilling will continue at White Dam North, and exploration drilling at Rolling and Hannaford starting from early July, with the entire program scheduled to be completed by the end Q3 2026.